Debt reduction

If you've created a Debt Reduction Plan in Quicken, the Lifetime Planner includes it automatically when projecting your long-term finances. The plan outlines how and when your debts will be paid off, and those scheduled payments are factored into your cash flow and net worth forecasts.

This ensures that your debt repayment goals—such as paying off a credit card, loan, or line of credit—are reflected accurately in the broader context of your retirement or savings plans.

Use cases:

• You’ve set up a Debt Reduction Plan to eliminate high-interest credit card debt in the next three years, and you want to see how that affects your retirement savings.

• You're accelerating payments on a personal loan and want the Lifetime Planner to reflect the earlier payoff date and reduced long-term obligations.

There’s no need to re-enter the plan in the Lifetime Planner. As long as it exists in Quicken, the data will be used automatically.